Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Diesel Dips 0.2¢ to $3.062 a Gallon
The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.
YRC Reports $16 Million Loss in Q3
YRC Worldwide reported a net loss of $16 million or negative 48 cents per share, compared with a $2.9 million profit, or 2.9 cents per share in the same period a year ago.
VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports
About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office.
Small but Growing Carriers Make Leap From Spreadsheets to TMS Software
For small trucking companies that are getting bigger, recognizing the point when it becomes necessary to adopt management software isn’t so difficult. Instead, the challenges have more to do with evaluating systems, choosing one and implementing it.
Government Shutdown Could Blur Economic Picture for Traders, Fed
The Federal Reserve is keeping a close eye on economic data as it “assesses the appropriate path” for monetary policy, but the central bank and traders in financial markets may find their vision blurred if Washington gridlock spurs yet another government shutdown later this month.
Seattle DOT Launches Public Version of Roadwork Planning App
The Seattle Department of Transportation has launched a public version of dotMaps, its online tool to help travelers stay informed about construction projects and plan their routes.
Omnitracs Resolves ELD Disruption That Had Drivers Reverting to Paper Logs
Technology company Omnitracs announced its electronic logging devices that had experienced outages caused by an infrequent update to Global Positioning System operations are now functional.
Kellyanne Conway: Infrastructure Policy Advocate
Infrastructure policy has been receiving a touch of buzz during the impeachment saga thanks in part to the counselor to the president, Kellyanne Conway. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Microsoft Wants to Teach Drones, Robots, Drills How to Think
Microsoft Corp. and technology rivals spend a lot of time talking about machine learning. Now Microsoft is talking about something called machine teaching.
Oil Near Six-Week High as US-China Trade Deal Hopes Increase
Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute.